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Image via Wikipedia Ms. C of Hueytown Alabama initially made an inquiry of reverse mortgages in January of 2010. Like most borrower’s she started her research online. She had heard of all kinds of bad things about reverse mortgages. Many of her friends told her not to do it. She heard things like the bank…

Image via Wikipedia Summer is a great time to increase your fitness level for a better quality of life. Fitness should involve more than just improving your appearance; it is really about maintaining your health. Please remember to talk to your doctor before starting any exercise Regimen. Aerobic exercise – loosely defined as any physical…

Image via Wikipedia One of the most important components of attaining a reverse mortgage is your FHA appraisal. Your appraisal will be performed by an independent third-party licensed appraiser. His or her job is to professionally value your home. HUD issued a mortgagee letter (2009-28) indicating that all lenders must assure appraiser independence as a…

Image via Wikipedia -Your home value is important in making the decision if a reverse mortgage is right for you You may or may not have a good idea of what your home is worth on today’s market. Perhaps you are contemplating selling your home in comparison to attaining a reverse mortgage. The information is…

Image via Wikipedia Making the decision to hire a home care service to provide care for your loved one is an important decision and can, at the same time, be very difficult. If an illness or recovery from surgery requires nursing care or physical therapy, a physician may order skilled home care services that provide…

Adult Children Not Concerned About Receiving Inheritance This week’s data from the NRMLA Consumer Experience and Perception Research done by Marttila Strategies: • 72% of seniors with reverse mortgages are more concerned about paying their bills and making sure their children aren’t worried about them, rather than leaving an inheritance. • 89% of adults with…

When I talk to clients they often share with me that they feel overwhelmed with the accumulation of their “stuff”. If you have been living in your home for 10, 20 or even 60 years, you might have quite a bit of “stuff” accumulated.

Image via Wikipedia This is a great article on Senior Pet Adoption. An excerpt of the article is below along with the link. Consider using www.petfinder.com. It is a search site with pets that need homes all over the country. I hear it said that if everyone who apopted an animal, adopted from an animal shelter,…

Are you considering a reverse mortgage? In the past when you attained a traditional mortgage, one of the first things you searched for was the lowest rate, not so with a reverse mortgage. There are various reverse mortgage programs that may suit your needs. The lowest rate reverse mortgage may not be the program that…

This information is not from HUD or FHA and was not approved by HUD or any government agency.

*The owner(s) retain title to the property that is the subject of the reverse mortgage until the person sells or transfers the property and is therefore responsible for paying property taxes, insurance, maintenance and related taxes. Failing to pay these amounts or failure to maintain the condition of your property may cause the reverse mortgage loan to become due immediately.

A reverse mortgage is a complex loan secured by your home. Whether such mortgage makes sense for you depends on your financial situation and needs. For these reasons, we strongly recommend tha tyou consult with a qualified independent housing counselor, family members and other trusted advisers before making this decision.